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December 7, 2021

Bakken (Abraxas Petroleum Corporation) ND Unconventional Oil Field, US

By Carmen

Bakken (Abraxas Petroleum Corporation) ND is a producing unconventional oil field located onshore the US and is operated by Abraxas Petroleum.

Field participation details

The field is owned by Abraxas Petroleum.


Production from Bakken (Abraxas Petroleum Corporation) ND

The Bakken (Abraxas Petroleum Corporation) ND unconventional oil field recovered 18.53% of its total recoverable reserves, with peak production expected in 2028. The peak production will approximately 9.23 thousand bpd of crude oil and condensate, 17 Mmcfd of natural gas and 2.76 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046.


Remaining recoverable reserves

The field is expected to recover 56.46 Mmboe, comprised of 34.21 Mmbbl of crude oil & condensate, 67.47 bcf of natural gas reserves and 11 Mmbbl of natural gas liquid reserves. Bakken (Abraxas Petroleum Corporation) ND unconventional oil field reserves accounts 0.06% of total remaining reserves of producing unconventional oil fields globally.


About Abraxas Petroleum

Abraxas Petroleum Corp (Abraxas) operates as an oil and gas company. The company offers exploration, production and development of oil and gas properties across the US. Its properties are located in Mid-Continent, Rocky Mountain, Gulf Coast and Permian Basin regions of the US. Abraxas’s Permian basin property covers 9,681 acres of land in eastern side of Delaware basin which includes Wolfcamp and Bone Spring zones for operations. The company’s Williston Basin’s property includes 4,013 acres in McKenzie County, North Dakota, the US with Bakken and Three Forks as operational units. It is into development of unconventional and conventional oil and gas resources. Abraxas is headquartered in San Antonio, Texas, the US.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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